An employee of a company is like a member of the family and must be well cared for. There have been many incidents where the worker has been injured while working and sometimes even lost their life. To prevent further financial harassment of the injured worker and his family, companies began insuring them under workers' compensation insurance.
Workers compensation coverage in Texas provides medical and wage replacement benefits for employees who are injured while on the job. This is also helpful to the employer because if workers receive this type of insurance, they cannot sue the employer for negligence. It can be considered as an exchange between the employee and the employer.
Image source: Google
Employees suffered long before this type of insurance was implemented and made mandatory. Employees who were injured while on the job could only pursue the employer through civil law.
In order to get compensation, they had to prove negligence on the part of the employer, which was very hard work for a normal employee. Therefore, in maximum cases, the employer was released without any compensation and the worker had to cover his expenses by himself.
This hurt the employee in a major way, as he would not only lose many days' wages, but he would also have to bear his medical costs and, at times, lose the ability to work in the future. This insurance is of great benefit to employees and has been framed with their well-being in mind.
Workers' compensation insurance is a boon to both employees and employers. Employees have a backup in case they are injured, while the employer can save a lot of money as tax breaks by paying insurance premiums.